ESG impact technology firm Diginex is eyeing the ADX for a dual listing after listing on Nasdaq in February, with plans to expand in the UAE and the wider GCC region, according to a press release. This would make it the first tech firm to list on the ADX, and the first firm to dually list on the ADX and Nasdaq.

Why the ADX? The company cited the region’s commitment to sustainable finance — with some USD 135 bn in publicly committed funds — as one of the main reasons for choosing a regional listing. The tie-up between the ADX and Nasdaq to upgrade the Abu Dhabi exchange’s infrastructure also facilitated the dual listing, the company said in the statement.

The company is getting a USD 250 mn boost from Sheikh Mohammed Bin Sultan Al Nahyan: The company also entered into a strategic partnership with Sheikh Mohammed Bin Sultan Bin Hamdan Al Nahyan following the signing of two MoUs, which will see Al Nahyan’s special-purpose vehicle Nomas Global Investments inject USD 250 mn in new capital in Diginex to fund acquisitions of firms focusing on AI, sustainability, and supply chains, and its regional and global expansion efforts.

What’s next? The company plans to complete capital-raising activities and the necessary regulatory procedures for the ADX listing within the next two quarters, the statement said.

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